Kakao, Foreign Investors Net Buy 223,432 Shares in Last 5 Days... Stock Price 369,500 KRW (-0.94%)
Kakao is trading at 369,500 KRW as of 2:30 PM on the 30th, down 0.94% from the previous day. The trading volume is 323,844 shares, which is 97.35% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.
On November 30, SK Securities researcher Choi Gwan-soon stated, "① In 2020, sales growth of over 30% is expected to continue, maintaining a high growth trend. ② The advertising segment is expected to maintain a growth rate higher than the market growth rate, supported by the strong performance of Talk Biz Board launched in 2019. ③ The value of subsidiaries will be highlighted through IPOs of various subsidiaries such as KakaoPay, KakaoBank, and KakaoPage. ④ High valuation is expected to be justified as profitability improves alongside strong sales growth." He set Kakao's target price at 480,000 KRW.
Over the past five days, individual investors have net sold 111,026 shares of Kakao, while foreigners and institutions have net bought 223,432 shares and net sold 118,564 shares, respectively.
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※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and financial AI specialist Thinkpool.
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